NIFTY1! Nifty futures: a rather flat day and a quite day; let’s see how markets react to the GDP nos; structure remains a buy on dips; supports are at 26261 & 26118; resistances are at 26410- where you have the trend line too; a break here opens up a ar target of 26503; above 26503- the next resistance is at 26574Community discussions
NIFTY1! Nifty futures: a rather flat day and a quite day; let’s see how markets react to the GDP nos; structure remains a buy on dips; supports are at 26261 & 26118; resistances are at 26410- where you have the trend line too; a break here opens up a ar target of 26503; above 26503- the next resistance is at 26574
NIFTY1! sell at 26450
target- 26250, 260550
sl-26560
NIFTY1! Nifty futures: a super day; most of the move was done in the first few hours and then traded sideways; if the index manages to get past the trend line, then the resistance is at 26410; the ATH and if this gives away then the first target is 26561; let’s get there first; supports are at 26261- 26118;NIFTY1! NIFTY Futures: Pretty busy expiry; and another red day, making it three in a row; If you like patterns- then 3 black crows now; below 25908- the supports are at 25789 & then the pivot+ 50 WMA- Around 25700- so this is key and if this breaks then we see the current buy on dips structure flip; resistances are @ 25998 & then 26118; We go into trade with global equities in green and risk On back
NIFTY1! and as predicted again moving to 25900 not giving any money to any oneNIFTY1! as I said it increased. Now it should fall 50-70 points. CMP 26030 to 25960NIFTY1! PE writing increasing. It will rise for another 50-70 points from here. Today up-down-up down but finally should end at 25900 without giving anything to CE PE buyersNIFTY1! Nifty futures: the day started ok , but then the sell off was pretty sharp towards the end of the day; tomorrow is monthly expiry; global equity sentiment is as volatile as the indices; structure remains a buy on dips; supports are at the 21 WMA- today’s low- around 25950; below this supports are at 25908 & 25789; resistances are at 25998 & 26118formula for success in Nifty trading is consistent OTM CE selling with daily limit of some fixed SL. If SL hits, forget the day and play next one.
NIFTY1! its a matter of time that 26K breaks. We are in for a negative surprise. CE writers increasing and PE writers decreasing.